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Essex Property Trust Shiller PE Ratio

: 45.89 (As of Today)
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As of today (2022-08-12), Essex Property Trust's current share price is $292.75. Essex Property Trust's E10 for the quarter that ended in Jun. 2022 was $6.38. Essex Property Trust's Shiller PE Ratio for today is 45.89.

The historical rank and industry rank for Essex Property Trust's Shiller PE Ratio or its related term are showing as below:

ESS' s Shiller PE Ratio Range Over the Past 10 Years
Min: 39.93   Med: 60.04   Max: 83.21
Current: 45.86

During the past years, Essex Property Trust's highest Shiller PE Ratio was 83.21. The lowest was 39.93. And the median was 60.04.

ESS's Shiller PE Ratio is ranked worse than
89.71% of 418 companies
in the REITs industry
Industry Median: 13.25 vs ESS: 45.86

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Essex Property Trust's adjusted earnings per share data for the three months ended in Jun. 2022 was $0.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $6.38 for the trailing ten years ended in Jun. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


Essex Property Trust Shiller PE Ratio Historical Data

The historical data trend for Essex Property Trust's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Essex Property Trust Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 68.68 62.45 69.38 46.27 57.66

Essex Property Trust Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.13 54.61 57.66 54.60 40.96

Competitive Comparison

For the REIT - Residential subindustry, Essex Property Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Essex Property Trust Shiller PE Ratio Distribution

For the REITs industry and Real Estate sector, Essex Property Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Essex Property Trust's Shiller PE Ratio falls into.



Essex Property Trust Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Essex Property Trust's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=292.75/6.38
=45.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Essex Property Trust's E10 for the quarter that ended in Jun. 2022 is calculated as:

For example, Essex Property Trust's adjusted earnings per share data for the three months ended in Jun. 2022 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2022 (Change)*Current CPI (Jun. 2022)
=0.87/123.3228*123.3228
=0.870

Current CPI (Jun. 2022) = 123.3228.

Essex Property Trust Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201209 0.450 97.633 0.568
201212 1.220 96.871 1.553
201303 0.680 98.209 0.854
201306 0.670 98.518 0.839
201309 1.840 98.790 2.297
201312 0.850 98.326 1.066
201403 0.580 99.695 0.717
201406 0.020 100.560 0.025
201409 0.850 100.428 1.044
201412 0.630 99.070 0.784
201503 0.920 99.621 1.139
201506 0.700 100.684 0.857
201509 0.650 100.392 0.798
201512 1.220 99.792 1.508
201603 1.190 100.470 1.461
201606 1.100 101.688 1.334
201609 1.000 101.861 1.211
201612 2.980 101.863 3.608
201703 2.720 102.862 3.261
201706 1.080 103.349 1.289
201709 1.210 104.136 1.433
201712 1.570 104.011 1.862
201803 1.380 105.290 1.616
201806 1.520 106.317 1.763
201809 1.220 106.507 1.413
201812 1.780 105.998 2.071
201903 1.810 107.251 2.081
201906 1.400 108.070 1.598
201909 1.510 108.329 1.719
201912 1.950 108.420 2.218
202003 4.760 108.902 5.390
202006 1.290 108.767 1.463
202009 1.130 109.815 1.269
202012 1.470 109.897 1.650
202103 2.590 111.754 2.858
202106 1.000 114.631 1.076
202109 1.820 115.734 1.939
202112 2.100 117.630 2.202
202203 1.120 121.301 1.139
202206 0.870 123.323 0.870

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Essex Property Trust  (NYSE:ESS) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Essex Property Trust Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Essex Property Trust's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Essex Property Trust Business Description

Essex Property Trust logo
Address
1100 Park Place, Suite 200, San Mateo, CA, USA, 94403
Essex Property Trust owns a portfolio of 253 apartment communities with over 62,000 units and is developing three additional properties with 571 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
Executives
Pak Barbara officer: Executive Vice President & CFO C/O ESSEX PROPERTY TRUST, INC. 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403
Hawthorne Maria R director 701 WESTERN AVENUE GLENDALE CA 91201
Berry Adam W officer: Co-Chief Investment Officer C/O ESSEX PROPERTY TRUST, INC. 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403
Kasaris Mary director C/O ESSEX PROPERTY TRUST, INC. 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403
Johnson Amal M director C/O MELLANOX TECHNOLOGIES, INC. 350 OAKMEAD PARKWAY, SUITE 100 SUNNYVALE CA 94085
Farias John officer: Group Vice President and CAO C/O ESSEX PROPERTY TRUST, INC 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403
Kleiman Angela L. officer: Executive Vice President & CFO 1100 PARK PLACE SUITE 200 SAN MATEO CA 94403
Robinson Thomas E director 309 GARRISON FOREST ROAD OWNINGS MILLS MD 21117
Lyons Irving F Iii director C/O ESSEX PROPERTY TRUST, INC. 925 E. MEADOW DRIVE PALO ALTO CA 94303
Sullivan Thomas P. director 525 MARKET STREET, 4TH FLOOR SAN FRANCISCO CA 94133
Scordelis Byron A director
Zinngrabe Claude J. Jr. director 925 EAST MEADOW DRIVE PALO ALTO CA 94303
Sears Janice L. director 1100 PARK PLACE SUITE 200 SAN MATEO CA 94403
Alexander Erik J. officer: Senior Vice President 925 EAST MEADOW DRIVE PALO ALTO CA 94303
Burkart John F. officer: Executive Vice President C/O ESSEX PROPERTY TRUST INC. 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403

Essex Property Trust Headlines

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